NYPD Tests Low-Cost Tool to Combat Credit Card Skimming

NYPD Tests Low-Cost Tool to Combat Credit Card Skimming

May 10, 2018         Written By John H. Oldshue

Credit card skimmers steal more than $1 billion every year from consumers in the United States, according to the Secret Service. Chip credit cards have done a good job in combating this sort of fraud, but smaller stores often cannot afford to upgrade their point-of-sales systems to the newer, more secure systems.

If a retailer is using an older system, criminals are able to install a “read head” on point-of-sale systems that copy a user’s credit card information when a card is swiped. The data is then automatically transmitted to the fraudster’s computer.

Engineers from the University of Florida may have a solution. The researchers created the “Skim Reaper,” which is a credit card-sized device that slides into a card reader and detects whether a skimmer has been installed on the system.

The Skim Reaper costs only $50. The NYPD has been testing the Skim Reaper and is happy with early results, according to the Washington Post.

Currently, the NYPD employs four detectives who are trained in uncovering skimming devices, but the Skim Reaper would allow even untrained officers to detect fraud. To use the device, a detective simply needs to slide the credit card-sized reader into the machine. This card is attached to a smartphone-sized device which displays “possible skimmer!” if the machine has been compromised.

The information contained within this article was accurate as of May 10, 2018. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About John H. Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.
View all posts by John H. Oldshue
Featured Low Interest Card
Top Features : 1.25X miles on every purchase; no annual fee; bonus of 20,000 miles once $1,000 is spent in first 3 months
Featured Cash Back Card
Top Features : No Annual Fee, Bonus Offer, Cash Back
Featured No Annual Fee Card
Top Features : Earn cash back twice. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Featured Bad Credit Card
Top Features : No Annual Fee; Cash Back match at the end of your first year; Social Security Alerts
Featured Fair Credit Card
Top Features : No annual fee; access to higher credit line after making first 5 monthly payments on time
Featured Limited/No Credit
Top Features : No annual fee; reports to major credit bureaus; access to higher credit line after making first 5 monthly payments on time